Bloomberg

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RETIREMENT TAX JUN 22, 2007
Bill would tax 'carried interest'

Hedge fund and private-equity fund managers would pay higher taxes under a bill introduced today.

INVESTING ALTERNATIVES JUN 22, 2007
Bear Stearns rescues hedge fund

Bear Stearns will chip in up to $3.2 billion to help one of its struggling hedge funds

NEWS BROKER DEALERS JUN 22, 2007
Brookstreet exec makes move

Scott Brooks has jumped from Brookstreet to Wedbush Morgan and has asked Brookstreet's reps to join him.

RETIREMENT RETIREMENT PLANNING JUN 22, 2007
401(k) Co. and payroll service partner

The Online 401(k) announced today it is partnering with Expedition Payroll, which will allow the company to offer its clients more comprehensive payroll systems.

INVESTING ETFS JUN 22, 2007
State Street launches BRIC ETF

State Street Global Advisors said that its SPDR Standard & Poor's BRIC 40 ETF will begin trading on the American Stock Exchange today.

INVESTING ALTERNATIVES JUN 22, 2007
Ritchie declares two units bankrupt

Hedge fund Ritchie Capital has filed for bankruptcy for two of its life insurance units that lost $700 million in policies.

RETIREMENT TAX JUN 21, 2007
Bill would hike private-equity taxes

Congressional leaders are weighing a proposal that could raise taxes for private-equity firm managers.

NEWS INDUSTRY NEWS JUN 21, 2007
H&R Block reports $85.5 million 4Q loss

H & R Block’s continuing struggles in its mortgage lending unit put a drag on fourth-quarter earnings.

NEWS WIREHOUSES JUN 21, 2007
Wachovia slapped with $2M fine

NASD has fined Wachovia $2 million for failing to adequately supervise its fee-based brokerage business.

NEWS BROKER DEALERS JUN 21, 2007
Indie B-D warns reps of dire finances

Brookstreet Securities told its 500 or so affiliated reps and advisers that "disaster" had struck.